Dec Jobs Report Preview - SPY SPX ES1! C Wave Short - 010523

6 Jan 2023

Wanted to quick share a SPY chart ahead of the December Jobs Data, which is scheduled to be released tomorrow morning Friday, January 6th: UNEMPLOY USNFP

• *Unemployment Rate (UNRATE)
  *Unemployment Level (UNEMPLOY)
  *Non Farm Payrolls (USNFP)
  *Average Hourly Earnings YoY (USAHE)
  *Participation Rate (USLFPR)
  *Manufacturing Payrolls (USMP)
  *Average Weekly Hours (USAWH)

Looking at the 4-Hour Chart, looks like we have a C wave playing out. Also looks like the 4-Hour MACD is getting ready to roll over:

MACRO NOTE: Good news (hot jobs) = Bad news (tighter Federal Reserve) aka "Higher for longer"

SPY Daily Chart 📊 (C wave short)



SPY 4-Hour Chart 📊 (C wave short)



SPY 1-Hour Chart 📊





SPY 15-Minute Chart 📊



What do you think about this setup into the December Jobs Data tomorrow? Let me know in the comments below! 👇🏼

6 Jan 2023

Nota

SPY 4-Hour (RSI & MACD) 📊

6 Jan 2023

Nota

SPX Daily (MACD) 📊

6 Jan 2023

Nota

SPX 4-Hour (MACD) 📊